Is Monarch Casino and Resort (MCRI) overvalued or fairly valued?

MarketChacha shows Monarch Casino and Resort's valuation in context — a trailing P/E of about 21.3, a forward P/E of about 17.6, a price-to-book of about 3.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Monarch Casino and Resort's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.86×) from reported figures — education, not a rating.

What is Monarch Casino and Resort's revenue?

Monarch Casino and Resort reported revenue of $545.1M for FY2025, with net profit of $101.4M, per official filings.

What is the share price of Monarch Casino and Resort (MCRI)?

Monarch Casino and Resort last traded at $121.52 (+0.8% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Monarch Casino and Resort

MCRI · NYSE · Consumer Discretionary · United States

Snapshot

TickerMCRI

ExchangeNYSE

SectorConsumer Discretionary

IndustryResorts & Casinos

CountryUnited States

Employees2,740

HeadquartersReno, United States

Websitewww.monarchcasino.com

Filings tracked11

About Monarch Casino and Resort

Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates hotels and casinos. It owns and operates hotels and casinos under the Atlantis Casino Resort Spa in Reno, Nevada and the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company also owns separate parcels of land. In addition, it owns and operates The Toucan Charlie's Buffet & Grille, which offers a variety of food selections; The Atlantis Steakhouse, a fine dining destination; The Bistro Napa, which features wine country cuisine; The Oyster Bar on the Sky Terrace, which offers pan roasts made-to-order, fresh seafood, cioppino, house made chowder, and bisques; Sushi Bar, which serves sushi rolls; The Purple Parrot coffee shop, which serves breakfast and American comfort food; The Red Bloom Asian kitchen, which offers Asian dishes; The Manhattan Deli, which offers matzo ball soup, piled high sandwiches, salads, house made soups, bagels and lox, New York style pizza, and New York cheesecake; and The Chicago Dogs Eatery, a snack bar that serves Chicago-style hot dogs, pizza, ice cream, and arcade-style refreshments, as well as two gourmet coffee bars that offer coffee drinks, sandwiches, house made gelato, and freshly baked pastries. Monarch Casino & Resort, Inc. was incorporated in 1993 and is based in Reno, Nevada.

Who owns it

Insiders32.5%
Institutions67.0%
Public & other0.5%

368 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.11.48%
American Century Companies Inc3.12%
Davenport & Co LLC2.92%
State Street Corporation2.89%
Vanguard Capital Management LLC2.88%
JPMORGAN CHASE & CO2.47%
Geode Capital Management, LLC2.38%
Vanguard Portfolio Management LLC2.31%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.86×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend16.4% → 18.6%

Margin has expanded by about 2.2 points — the business is getting more profitable.

Return on equity18.9%

Latest ROE of 18.9% — capital is generating a healthy return.

Growth qualityrev 4% · PAT 11%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $143.1M · EPS 1.64

Est. earnings growth +5.8%

Next fiscal year

Rev $582.1M · EPS 6.89

Est. earnings growth +3.8%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$545.1M

Net margin

18.6%

ROE

18.9%

Revenue CAGR (2y)

+4.3%

Profit CAGR (2y)

+10.9%

EPS (FY2025)

5.43

Net profit (FY2025)

$101.4M

Ask MarketChacha about MCRI

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$545.1M	$101.4M	5.43	18.6%	18.9%
FY2024	$522.2M	$72.8M	3.84	13.9%	14.1%
FY2023	$501.5M	$82.4M	4.20	16.4%	16.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$136.6M	$27.6M	1.52	20.2%
2025Q3	$142.8M	$31.6M	1.69	22.1%
2025Q2	$136.9M	$27.0M	1.44	19.7%
2025Q1	$125.4M	$19.9M	1.05	15.8%
2024Q3	$137.9M	$27.6M	1.47	20.0%
2024Q2	$128.1M	$22.7M	1.19	17.7%
2024Q1	$121.7M	$18.3M	0.93	15.0%
2023Q3	$133.0M	$24.2M	1.23	18.2%
2023Q2	$123.7M	$22.4M	1.14	18.1%
2023Q1	$116.6M	$17.7M	0.90	15.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/28/2026
8-K — Results of operations, Other events, Exhibits
SEC7/21/2026material
8-K — Shareholder vote results
SEC5/29/2026material
10-Q filing
SEC4/30/2026
8-K — Results of operations, Other events, Exhibits
SEC4/22/2026material
10-K filing
SEC2/24/2026
8-K — Results of operations, Other events, Exhibits
SEC2/4/2026material

2025

8-K — Executive/director change
SEC12/19/2025material
10-Q filing
SEC10/28/2025
8-K — Results of operations, Other events, Exhibits
SEC10/22/2025material
10-Q filing
SEC7/29/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.